China Pacific Insurance Company

China Pacific Insurance Group

File:China Pacific Insurance logo.png
Company type	public
Traded as	SSE: 601601 (A share) SEHK: 2601 (H share)
Industry	Financial services
Founded	1991 (1991)
Headquarters	Shanghai , China
Area served	China
Key people	Gao Guofu (Chairman & executive director) Huo Lianhong (President & executive director)
Services	Life and non-life insurance
Revenue	CN¥247.0 billion (2015)
Operating income	CN¥24.3 billion (2015)
Net income	CN¥17.8 billion (2015)
Total assets	CN¥923.8 billion (2015)
Total equity	CN¥133.3 billion (2015)
Owner	Central Government of China (23.05%) Shanghai Government (21.33%) China Securities Finance (2.36%)
Website	cpic.com.cn
Footnotes / references in a consolidated basis

China Pacific Insurance (Group) Co., Ltd.
Simplified Chinese	中国太平洋保险(集团)股份有限公司
Traditional Chinese	中國太平洋保險(集團)股份有限公司
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngguó tàipíngyáng bǎoxiǎn (jítuán) gǔfèn yǒuxiàn gōngsī
Pacific Insurance
Simplified Chinese	太平洋保险
Traditional Chinese	太平洋保險
Transcriptions Standard Mandarin Hanyu Pinyin tàipíngyáng bǎoxiǎn
Second alternative Chinese name
Simplified Chinese	太保
Traditional Chinese	太保
Transcriptions Standard Mandarin Hanyu Pinyin tàibǎo

China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991. Its headquarters is in Shanghai.

CPIC Group is the second largest property insurance company (after People's Insurance Company of China) and the third largest life insurance company (after China Life Insurance and Ping An Insurance) in Mainland China. It provides integrated insurance services, including life insurance, property insurance and reinsurance, through its subsidiaries.

The Company offers life and property insurance products and services through its subsidiaries, China Pacific Life Insurance Co., Ltd and China Pacific Property Insurance Co., Ltd., respectively. Through its subsidiary China Pacific Asset Management Co., Ltd, the Company is also involved in the management and operation of insurance assets. The Company's property insurance products include car insurance, insurance of family's properties, liability insurance, investment type insurance and accident insurance/injury insurance, while its life insurance products include endowment insurance, health insurance, juvenile assurance, insurance cover services and petty insurance.

Listings

Its A shares were listed on the Shanghai Stock Exchange on December 25, 2007 with IPO price $30 yuan per share. At the first trading day, its share price closed at $48.17 yuan, 61% more than its IPO price. It is planning to issue H shares in the Hong Kong Stock Exchange in near future. CPIC dropped below the IPO price of RMB$30 on 26 March 2008 and closed at RMB$27.98.

Its H shares were listed on the Hong Kong Stock Exchange on 23 December 2009 with IPO price of HK$28 per share.

Shareholders

As of 31 December 2015

• Central People's Government of China (State Council) (23.05%)
  • State-owned Assets Supervision and Administration Commission (SASAC) of the State Council
    • Baosteel Group (14.93%)
  • The Ministry of Finance of the People's Republic of China (via China Tobacco)
    • via Shanghai Tobacco Group (5.17%)
    • via Hongta Group (1.73%)
  • Central Huijin Investment (1.22%)
• SASAC of the People's Government of Shanghai City (21.33%)
  • Shenergy Group (13.52%)
  • Shanghai State-Owned Assets Operation Co., Ltd. (5.04%)
  • Shanghai Jiushi (Group) Co., Ltd. (2.77%)
• China Securities Finance Co., Ltd. (2.36%)
• general public (53.26%)

External links

• Official website